Spacecom has returned to the bond market to help finance the construction of the Amos 6 satellite.
Globes reports the Israeli operator is looking to raise $50 million with the first principal repayment due in 2020. The financing consortium on the project is the Israel Aerospace Industries with backing also coming from the United States and Canada.
The new bond series is being attached to the Amos 3 satellite; two-thirds of the funds raised will go into a trustee account, which in turn would be used to pay off existing bonds.
Amos 6 is slated to replace the current Amos 2, which is anticipated to go out of service during 2016.
The $200 million satellite has been put back to February/March 2016